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Leading Chinese maker of synthetic diamond materials (superhard materials) used in cutting, grinding and industrial tools.
Leading Chinese maker of synthetic diamond materials (superhard materials) used in cutting, grinding and industrial tools.
Makes diamonds in high-pressure presses and sells much of the output as powder or in tools, so profit depends on press throughput and pricing, which many Chinese producers push down. Its customers are cutting and grinding tool makers.
Moat: narrow (scale, process know-how). Large-scale synthetic diamond production know-how versus smaller regional producers.
Headquarters: Zhoukou, China · Founded: 1993 · Employees: 1,937
Size Henan Huanghe Whirlwind (600172.SS) is a China Materials company (Industrial Specialties) with a market value of $2.27B, the 1120th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.89 on 6 Nov 2026.
Performance Over six months the shares gained 29.2%, against -2.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 12.5% over the last twelve months (peer median +12.6%); the operating margin is -29.8% (peer median 10.8%).
Valuation It trades at 62.29× book value against a peer median of 3.25× (most expensive of 21).
Price implies The share price implies a return on equity of about 754.6%; Henan Huanghe Whirlwind delivers -120.9%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.54B | CN¥1.35B | CN¥1.30B | CN¥1.57B | CN¥2.40B |
| Revenue growth | — | +4% | -17% | -35% | — |
| Gross profit | CN¥430M | -CN¥67.7M | -CN¥66.3M | CN¥107M | CN¥606M |
| EBITDA | n/a | -CN¥158M | -CN¥126M | CN¥86.8M | CN¥791M |
| Net income | -CN¥744M | -CN¥950M | -CN¥983M | -CN¥798M | CN¥30.8M |
| Free cash flow | -CN¥68.0M | -CN¥337M | -CN¥266M | CN¥209M | CN¥423M |
| Capital expenditure | CN¥141M | CN¥145M | CN¥144M | CN¥230M | CN¥250M |
| Total debt | CN¥3.21B | CN¥5.85B | CN¥5.36B | CN¥5.35B | CN¥5.59B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Henan Huanghe Whirlwind 600172.SS | $2.27B | +29% | +13% | -121% | 62.29× | 754.6% |
| Henan Liliang Diamond 301071.SZ | $2.03B | -2% | +73% | 5% | 2.50× | 28.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600172.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.3% | -15.1% | 6th lowest of 21 |
| 6-month return | +29.2% | -2.8% | 4th highest of 20 |
| Return on equity | -120.9% | 11.5% | lowest of 21 |
| Price / book | 62.29× | 3.25× | most expensive of 21 |
| ROE the price implies | 754.6% | 27.5% | most demanding of 21 |
| ROE delivered | -120.9% | 10.5% | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Henan Huanghe Whirlwind 600172.SS | China | $2.27B | +29% | +13% | -121% | 62.29× | 754.6% | -120.9% |
| Grindwell Norton GRINDWELL.NS | India | $2.25B | +16% | +14% | 19% | 8.17× | 107.1% | 18.9% |
| Jiangsu Shemar Electric 603530.SS | China | $2.23B | -44% | +17% | 26% | 7.33× | 81.8% | 25.9% |
| Zhejiang Fulai New Material 605488.SS | China | $2.21B | +47% | +19% | 4% | 6.44× | 28.1% | 3.6% |
| Zeon 4205.T | Japan | $2.34B | +6% | +4% | 10% | 0.91× | 7.6% | 10.5% |
| UFP Technologies UFPT | United States | $2.35B | +32% | +9% | 17% | 5.52× | 43.3% | 17.2% |
| Pamica Technology 001359.SZ | China | $2.41B | -1% | +23% | 14% | 7.51× | 89.4% | 13.7% |
| Carborundum Universal CARBORUNIV.NS | India | $2.10B | +4% | +12% | 4% | 5.03× | 53.2% | 3.8% |
| Sichuan Yahua Industrial 002497.SZ | China | $2.48B | -56% | +69% | 15% | 1.21× | 15.7% | 15.3% |
| Anhui Jiangnan Chemical Industry 002226.SZ | China | $2.07B | -3% | +13% | 5% | 1.43× | 8.6% | 4.6% |
| Quanzhou Jiadeli Electronic Materials 603435.SS | China | $2.49B | n/a | +4% | 20% | 7.34× | 130.2% | n/a |
| Shaanxi Huaqin Technology Industry 688281.SS | China | $2.50B | -18% | +31% | 7% | 3.37× | 26.8% | 7.0% |
| Xizang Gaozheng Civil Explosives 002827.SZ | China | $2.53B | +92% | -1% | 15% | 17.40× | 83.8% | 15.5% |
| Shenzhen Leading Semiconductor Industry 603991.SS | China | $2.60B | +12% | +996% | 16% | 5.11× | 32.9% | 16.2% |
| Olin OLN | United States | $1.97B | -36% | -1% | -9% | 1.15× | 11.7% | -9.1% |
| DIC 4631.T | Japan | $2.68B | +25% | +6% | 12% | 0.83× | 7.7% | 12.5% |
| H.B. Fuller FUL | United States | $2.68B | -19% | +1% | 10% | 1.24× | 11.3% | 9.6% |
| GCL Technology 3800.HK | Hong Kong | $2.71B | -30% | +25% | -9% | 0.50× | 5.5% | -8.7% |
| KCC 002380.KS | South Korea | $1.91B | -34% | 0% | 40% | 0.24× | 4.1% | 40.5% |
| Lintec 7966.T | Japan | $1.87B | -14% | +3% | 8% | 1.09× | 9.0% | 7.7% |
| Jiangsu Pacific Quartz 603688.SS | China | $2.78B | -38% | +15% | 3% | 3.12× | 39.8% | 2.6% |